1. Taiwan, Province of China Stocks

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    Industrials

  3. •

    Electrical Equipment & Parts
Zippy Technology Corp.

Zippy Technology Corp.

2420.TW
Zippy Technology Corp.TW flagTaiwan Stock Exchange
62.00
TWD
- -
- -
9.46BMarket Cap
Zippy Technology Corp.
2420.TW
(Taiwan Stock Exchange)

Recent

price

62.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
23.38
22.98
22.8
22.84
22.32
21.71
20.64
19.18
18.48
17.49
16.22
17.44
17.31
13.93
14.65
- -
14.28
Revenue per Share
2.1
2.38
2.2
3.27
3.84
4.26
3.71
3.02
3.26
3.19
2.9
3.82
4.43
3.55
4.36
- -
3.91
Basic EPS, GAAP
-0.11
3.16
-0.42
5.46
4.86
5.34
3.46
1.21
2.82
4.34
3.07
4.79
3.17
5.4
5.35
- -
3.97
Free Cash Flow per Basic Share
1
1.8
2
2
2.8
3.5
2.5
3
2.7
2.8
2
2.55
3
3.5
3
- -
- -
Dividend per Share
12.47
11.87
11.87
15.72
16.72
17.48
15.03
14.69
14.77
14.84
15.31
16.21
17.22
17.09
18.1
- -
18.3
Book Value per Share
14.55
15.06
15.32
16.62
17.7
18.52
19.63
19.48
20.04
20.3
21.16
22.32
24.08
24.07
25.74
- -
26.06
Tangible Book Value per Share
153
153
153
153
153
153
153
153
153
153
153
153
153
153
153
- -
153
Basic Weighted Avg Shares
3,569
3,509
3,481
3,487
3,406
3,314
3,151
2,928
2,820
2,669
2,475
2,663
2,642
2,126
2,237
2,179
2,179
Sales/Revenue/Turnover
14.19
13.11
14.17
14.03
16.62
17.76
21.32
20.55
19.44
20.26
20.64
23.74
26.33
25.15
27.79
29.31
29.31
Operating Margin (%)
98
88
68
74
50
71
72
73
75
81
77
81
86
87
84
72
72
Depreciation Expense
320
363
336
499
586
650
566
461
497
486
443
583
676
542
666
596
596
Net Income, GAAP
18.12
22.51
29.79
17.48
15.9
16
20.15
14.59
20.78
20.32
20.08
20.31
21.68
20.76
19.6
20.81
20.81
Effective Tax Rate (%)
8.97
10.34
9.65
14.3
17.2
19.6
17.95
15.73
17.63
18.22
17.89
21.88
25.58
25.47
29.78
27.37
27.37
Profit Margin (%)
1,550
1,686
1,720
1,009
942
939
969
967
845
870
1,000
1,162
1,389
1,402
1,635
1,645
1,645
Working Capital
15
12
144
1,877
1,736
1,598
1,454
1,475
1,308
1,264
1,212
1,162
1,110
1,058
1,013
962
962
LT Debt
2,251
2,323
2,363
2,564
2,729
2,854
3,020
2,996
3,081
3,122
3,252
3,428
3,697
3,695
3,950
3,996
3,996
Total Equity
16.86
14.08
13.2
10.77
9.69
9.92
9.73
8.54
8.04
8.62
8.13
10.31
10.99
8.45
9.87
9.85
9.85
Return on Invested Capital (%)
15.15
17.26
15.9
15.53
12.97
14.17
11.81
9.4
11.25
12.19
11.18
15.37
18.02
14.78
17.89
15.89
15.89
Return on Capital (%)
17.43
19.53
18.53
23.68
23.66
24.89
22.8
20.31
22.11
21.53
19.24
24.21
26.48
20.68
24.8
21.46
21.46
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
ST Debt
76
77
73
LT Borrowings
983
970
958
LT Finance Leases
4
4
4
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
153
153
153
Market Capitalization
7,873
7,918
7,720

Working Capital

FRC

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
Total Current Assets
2,459
2,139
2,273
Cash, Cash Equivalents & STI
1,575
1,266
1,370
Accounts Receivable, Net
300
289
269
Inventories
506
517
561
Total Current Liabilities
1,172
682
628
Payables & Accruals
- -
- -
- -
ST Debt
76
77
73
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
3.46%
4.25%
1.15%
Free Cash Flow
12.32%
13.18%
-25.81%
Net Income, GAAP
0.55%
8.04%
-10.49%
Sales/Revenue/Turnover
-3.85%
-2.03%
-2.6%
Total Cash Common Dividend
2.08%
12.84%
16.67%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
555
538
530
503
2,126
2024
559
564
583
531
2,237
2025
544
581
528
525
2,179

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
0.86
0.97
1.04
- -
3.55
2024
1.23
1.09
1.08
- -
4.36
2025
1.01
0.74
0.97
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
3.51
- -
3.5
2024
- -
- -
- -
- -
3
2025
- -
- -
- -
- -
- -
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Business
Zippy Technology Corp. (2420.TW), founded in 1983 and headquartered in New Taipei City, Taiwan, designs, manufactures, and markets micro switches and high-performance industrial power supplies under the ZIPPY brand for switches and EMACS brand for power supplies; it operates through Power Supply, Switch Division, and Others segments, serving consumer electronics, IT peripherals, communication products, home appliances, medical devices, automotive electronics, AIoT servers, edge computing, data centers, industrial equipment, network communication, network security, and 5G applications across Taiwan, the United States, Mainland China, Germany, Italy, and other international markets. The company's core switch products include waterproof switches, basic micro switches, rotary switches, push switches, low torque switches, slide switches, rocker switches, hook encoders, and slide DIP switches, while its power supply offerings encompass CRPS modules, CRPS redundant supplies, PoE modules, 1U redundant and slim-type supplies, 2U redundant supplies, N+1 redundant systems, mini redundant units, PS2 redundant supplies, FLEX series, 1U/2U single supplies, ATX-PS2 units, open frame supplies, and medical-grade power supplies; it also provides warranty and repair services with certifications including ISO9001, IATF 16949 for automotive switches, ISO14001, UL, CSA, VDE, TUV, CCC, and 80 PLUS for energy efficiency. Zippy maintains robust R&D with nearly 1,000 global patents in areas like redundant power supplies and hot-swap technologies, state-of-the-art labs for rapid product development, automated production enhancements particularly for waterproof and automotive switches, ecological designs compliant with EU ErP Directives, and expansions into cloud computing power solutions; it employs around 600 people under CEO Ming-Chuan Kao and offers global service centers in North America, Europe, and Asia. Recent developments include ongoing product line optimizations for micro switches, intensified focus on automotive-grade switches, high-efficiency manufacturing improvements, and strategic expansions in data center and AIoT power supplies to meet growing demand in edge computing and 5G sectors, alongside sustained dividend payments such as NT$3.5 per share approved in May 2025.